Ecolab Inc. Expected to Post Q3 2018 Earnings of $1.49 Per Share (ECL)
Ecolab Inc. (NYSE:ECL) – Equities researchers at Seaport Global Securities lowered their Q3 2018 earnings per share estimates for shares of Ecolab in a research report issued on Monday. Seaport Global Securities analyst M. Harrison now forecasts that the basic materials company will post earnings of $1.49 per share for the quarter, down from their prior estimate of $1.58. Seaport Global Securities also issued estimates for Ecolab’s Q4 2018 earnings at $1.50 EPS.
Ecolab (NYSE:ECL) last posted its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.01. Ecolab had a net margin of 9.67% and a return on equity of 19.05%. The firm had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.55 billion. During the same period in the previous year, the company posted $1.28 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year.
Several other research firms have also recently weighed in on ECL. UBS AG lifted their price objective on shares of Ecolab from $147.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Royal Bank Of Canada lifted their price objective on shares of Ecolab from $137.00 to $143.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 7th. Instinet restated a “neutral” rating and set a $117.00 price target (down from $120.00) on shares of Ecolab in a report on Tuesday, September 12th. Nomura restated a “hold” rating and set a $117.00 price target (down from $120.00) on shares of Ecolab in a report on Tuesday, September 12th. Finally, Stifel Nicolaus restated a “hold” rating and set a $140.00 price target on shares of Ecolab in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $136.86.
Ecolab (NYSE ECL) traded down $0.78 during midday trading on Tuesday, reaching $130.62. 431,527 shares of the company’s stock traded hands, compared to its average volume of 926,978. Ecolab has a 12-month low of $113.50 and a 12-month high of $134.89. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.23. The stock has a market cap of $38,032.68, a PE ratio of 28.93, a price-to-earnings-growth ratio of 2.20 and a beta of 1.04.
In other Ecolab news, insider Thomas W. Handley sold 7,397 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $130.63, for a total transaction of $966,270.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David Maclennan bought 450 shares of the business’s stock in a transaction on Monday, November 6th. The shares were purchased at an average cost of $131.77 per share, with a total value of $59,296.50. Following the transaction, the director now owns 1,514 shares in the company, valued at $199,499.78. The disclosure for this purchase can be found here. 1.49% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in ECL. TimesSquare Capital Management LLC raised its position in shares of Ecolab by 5.2% during the first quarter. TimesSquare Capital Management LLC now owns 874,150 shares of the basic materials company’s stock valued at $109,566,000 after buying an additional 43,200 shares during the last quarter. Global X Management Co. LLC raised its position in shares of Ecolab by 26.2% during the first quarter. Global X Management Co. LLC now owns 1,156 shares of the basic materials company’s stock valued at $145,000 after buying an additional 240 shares during the last quarter. Bailard Inc. raised its position in shares of Ecolab by 27.3% during the first quarter. Bailard Inc. now owns 4,932 shares of the basic materials company’s stock valued at $618,000 after buying an additional 1,059 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new position in shares of Ecolab during the first quarter valued at about $7,565,000. Finally, Guardian Life Insurance Co. of America raised its position in shares of Ecolab by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,012 shares of the basic materials company’s stock valued at $127,000 after buying an additional 7 shares during the last quarter. 75.70% of the stock is owned by hedge funds and other institutional investors.
Ecolab Inc provides water, hygiene and energy technologies and services. The Company’s cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, government and education, retail, textile care and commercial facilities management sectors in over 170 countries.
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